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, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news of the moment is that the house republican leadership is calling its
? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> if america falls off that fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> good morning, in marylanee hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> good morning, in maryland, we have a lot of federal workers and businesses that rely on the federal government. good morning, in maryland, we have a lot of federal workers and businesses that rely on the federal government. if lawmakers cannot reach a budget deal, some say it would affect maryland more than other states for the department of legislative services put together a report that estimates on theerse i federal government. if lawmakers cannot reach a budget deal, some say it would affect maryland more than other states for
the democrats. people wonder why we operate on government by deadline. because harry reid has made the cynical, cynical move of not passing a budget through the united states senate over the past several years. it's deeply cynical because the budget shows what your priorities are. harry reid doesn't want the american people to know what the senate democrats' priorities are, so they just don't pass budgets. now, what usually happens is, you have a budget every year. the senate passes their budget. the house passes their budget. they go to conference. we all saw -- we all saw i'm just a bill, yes, i'm only a bill. i'm living here on capitol hill. harry reid, obviously -- he was doing a chicken fight or something while that was going on. he missed that. the senate has been negligent for the past several years. and that's why we have this government by deadline because democrats in the senate will not pass a budget. >> the problem with government by deadline, two things. one, as we saw yesterday, the republicans were the ones who put themselves in a position where if you didn't move forward, they
negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republicans fault. take a listen to what he had to say. >> not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation t
and listen to what senate majority leader harry reid is saying. >> we really are running out of time. americans are still threatened with a tax hike. in just a few hours. i hope we can keep in mind and i know we will our single most important goal is to protect middle class families. whether or not we reach an agreement and the short time we have left we'll need cooperation on both sides to prevent taxes from going up tomorrow for every family in america. i repeat there is still some issues that need to be resolved before we can bring the legislation to the floor. >> under the previous order then the senate will proceed to business until 12:00 noon. this is for debate only. senators are permitted to speak -- >> there you go. the senate floor. we are listening to them as senate majority harry reid opened it up for today after they called it a day yesterday. joining us now is congressman steny hoyer, the house minority whip. thanks for being with us. i appreciate your time. you listened to our report from mike viqueira. you just heard senate majority harry reid. he spoke. from what you
on the senate side. >> that's right. senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits s
've yet to receive a response to our good faith offer. >> democratic leader harry reid said the gulf over taxes was still too wide, and he indicated the white house might be tying his hands. >> i've had a number of conversations with the president, and at this stage, we're not able to make a counteroffer. >> reporter: so senator mcconnell called the vice president, who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: democrats want to let the bush-era tax cuts expire for all household incomes over $250,000 a year. republicans would rather set the cutoff at around $500,000 or keep the tax cuts in place for everyone. the two sides are also at odds over the estate tax rate which currently stands at 35% but is set to revert to 55%. even if senate leaders do strike a deal and pass a bill today, it would still need to go up for a vote in the house, but at this point, many members are just hoping their leaders can come up with something if only
: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxable income up to $360,000. and couples with income of about $450,000. senate republicans latest proposal allah taxes to rise on $450,000 for individuals and 550,000 for couples. republican aides say the democrats in the senate have not made any additional offers since saturday afternoon. gregg: what is going on the house side of the capitol? >> reporter: the attitude they have been doing their work all year long. they have been passing multiple bills throughout the course of 2012 and they feel like it is now time for the senate to act. here is a sample of the house republican view. >> we'll see what the senate brings back. ball's in their court. they have had
able to make it happen. harry reid gave us problem or lack thereof. >> there are two sides still apart, and negotiations are continuing as i speak. there's still more before we can bring ledges laying to the floor. what else is new? can anyone save this congress from itself? turns out the new man responsible is vice president joe biden. yep. that's right. joe biden is the latest person to be called on to try to get congress out of the straight jacket they've put themselves in. the vp and senate minority leader mitch mcconnell exchanged phone calls until midnight last night and again this morning, and appeared to be zeroing in on a tax rate compromise in the region of a $450,000 to $550,000 threshold. a higher rate than the president's earlier compromise as well as an agreement on the estate tax. sticking points remain. president obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will b
republicans. late today on the senate floor majority leader harry reid said what has become more and more obvious. the prospect of reaching a deal to avoid the fiscal cliff before january 1st is very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the
and do that. is there any chance he will before monday? >> i think there's a chance if harry reid and mitch mcconnell can blink together, they can come to agreement to bring something to the floor and move forward, then and only then will they blink but both have to hold hands and jump into the pool at the same time. >> but mitch mcconnell is worried about, what, ashley judd running against him. what is he really worried about? i'm just kidding because he's not worried about the general election. he's worried about a primary election like a rand paul. >> and a the other -- >> by the way, he is from rand paul's state. it's possible. >> he is. the other thing to keep in mind is boehner's speakership vote is up on january 3rd. >> but you -- everybody keeps saying that but to vote against the speaker who is the caucus nominee, let's face it, he is the nominee of the republican party, to not vote for the speaker is a major act of betrayal on the part of any member of the congress. you have to that day -- >> the idea if he goes and forces through a tax increase, they could express their
saw yesterday senate majority leader harry reid basically accusing john boehner of running a deck tate toreship, that was his word in the house of representatives. reid piled on a little bit late yesterday afternoon and senate republican leader mitch mcconnell responded. take a listen. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them two in fact. they're not here. they're not here. john boehner seeps to care more about keeping his speakership than about keeping the nation on firm financial footing. >> reporter: there have been all eyes on senator mitch mcconnell, the republican leader, the counterpart to harry reid because he has been pretty quiet early on in the negotiations. was defering speaker boehner to give the republican side. after hearing senator reid yesterday, senator mcconnell fired back. take a listen. >> we're coming up against a hard deadline here and i said, this is a conversation we should had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we
harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute. mike emanuel kicks off our fox team coverage live from washington. harry reid said negotiations continue. where do we stand? >> senator reid seemed to be looking ahead to tomorrow's schedule. talks continue but a deal is not implement. another said there's a chance one could be reached tonight. harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed
anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates a bill in the senate that would do what you said, people in the house say, well that would be unacceptable because the constitution requires revenue bills to originate in the house. but there is this bill that the house did pass a while back extending tax cuts for everybody. the senate could actually amend that bill. it originated in the house and then send it back and actually get somewhere. you have to remember that john boehner actually gave in on the principle of raising tax rates for the highest earners.
are expecting to hear from republican leader mitch mcconnell, maybe even senate majority leader harry reid, as of now so far as we know there is no fiscal cliff deal, but negotiations primarily betweens those two men are going on even as we speak or between their staffs. we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority
and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that wou
at the white house today to try to reach a deal on the fiscal cliff. in the meantime, harry reid refers to john boehner's leadership as a dictatorship. not helpful. >>> but first, to your top stories this morning -- retired general norman schwarzkopf died thursday at his home in tampa, florida, he's credited with devising the plan that drove saddam hussein's forces out of kuwait in 1991. known as stormin' norman for his strong personality. >>> the general said that he did agree with president george h.w. bush's decision not to follow saddam's decision into baghdad. >> ladies and gentlemen, when we here, we were 150 miles away from baghdad and there's nobody between us and bagsd. if our intention to take iraq, to destroy the country, if it had been our intention to overrun the country, we could have done it unopposed from this position at that time. >> schwarzkopf was honored for his service with the medal of freedom. queen elizabeth even awarded him with a knight hood. >>> former president george h.w. bush praised his leadership yesterday. general schwarzkopf is survived by his wife and three k
be right. that would be senate majority leader harry reid. seemed kind of irritated that house republicans and all house members are not here in washington trying to work out a deal on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family vacation. we learned from the white house that the president had made calls to the top four congressional leaders mcconnell and boehner on the republican side, pelosi and reid on the democratic side. we'll see what the president has in mind when he touches down back in washington a little later this morning, harris. harris: mike you mentioned it. i'm mentioning it too. it is coming into the newsroom from senator mcconnell's spokesperson a
, the senator from california, the hon. dianne feinstein. >> mr. speaker, nancy pelosi, mrs. bush, harry reid, leader mcconnell, secretary of state hillary clinton and my colleagues in government this is a special day to honor a special person in a special place. for many years i have followed tragedies and victories of this uncommonly courageous and persistent woman. in 1988 she quickly rose to be the voice of democracy in burma creating the lead for democracy, elections followed in 1990 when her party won 80% but that joy turned to tragedy and the the military junta and aung san suu kyi spent 3 decades under house arrest unable to visit her dying husband. in 1996 i recall senator bill cohen approaching with senator mccain to sponsor a burma sanction bill, sanctions were put in place in 1997 and only loosened in july of this year. senator mcconnell became one of aung san suu kyi's chief advocates and we continue to work on behalf of the people of burma. in 2003 following an assassination attempt senator mcconnell and i worked to pass an important man the remains in place today, an effort to
on that this morning with our coverage on a "washington journal." here is what the majority leader harry reid had to say earlier this morning before the vote. >> working through the night and throughout the day, we have reached a deal with senator mcconnell to avert tax increases on middle class americans. i have said all along to our most important priority is to protect middle-class families. this legislation does that. middle-class families will wake up to date to the assurance that their taxes will not go up -- today to the assurance that the taxes will not go up $2,200 each. they will have the certainty to pay for groceries and car payments on next year. legislation protects 2 million americans lost their jobs during the great recession, losing their unemployment insurance. i'm disappointed that we were not able to make a grand bargain as we have for so long, but we tried. host: here is the headline in "the washington times." -- late into new year's eve, the criticism from the left was causing mr. biden had aches as he huddled with senate democrats to -- to persuade them to declare victory a
to the cover of this magazine -- it has a list of losers, john boehner, harry reid, barack obama. it's a list of winners is blank. how does john boehner come out looking after what happened over the past four weeks? guest: it is hard to see anything positive. he took on the negotiants for the republicans. he failed to get his own house to come along. plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unempl
corridan is monitoring the situation from washington, d-c. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his
. the senate republican leader felt like harry reid's democratic counterpart wasn't negotiating in good faith, trying torepublicans to the edge of the cliff. he called vice president joe biden as an end around. mitch mcconnell walked to the senate cloak room sat down and said socially, look, joe, a lot of these guy s are very smart people, but i don't see the trip wires. i'll call you back with an offer, that's how this start ed 30 hours later, a deal was done. >> sitting in the phone booth in the cloak room. that's amazing. >> for all of the talk on the vice president and senate side, so much drama overnight on the house side. speaker boehner voting for the bill. and eric cantor voting against the bill. the house whip voting against the bill and paul ryan voting for the bill. this is a real split. >> it is. it shows the schism and a real good demonstration of why it was so difficult for speaker boehner to negotiate a bigger, grander deal with the president. he was unable to get his own deal through the house a few weeks ago, and the negotiated deal that passed with overwhelming bipartisan su
time. votes are scheduled at 2:00 p.m. eastern. majority leader harry reid and minority leader mcconnell had set a deadline of 3:00 p.m. when they're planning to convene a caucus meetings and update members of the parties on a possible plan for taxes and spending on the new year. will bring you live coverage of the senate on c-span2 started at 1:00 eastern. in the house, the return of 2:00 p.m. you'll be considering a number of pieces of legislation. what the live coverage of the house here and c-span. next, retiring senator kent conrad reflects on his career in congress to. it is currently senate budget committee chairman and was first elected to the senate in 1986. this is about half an hour. >> senator conrad, your farewell speech was yesterday. what is that like? >> it has been great. i had the going away party the night before. a lot of my colleagues were there. then the farewell speech, in which i had a chance to reflect on my service here. but also, to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order. i laid out the specific
spokesman for senate majority leader, harry reid, rodell, andrea stoddard, and brad despring. she goes by a.b., but i kind of like the full name. i don't know. my mom calls me christopher every once in a while. >> i know, i know. >> brad, don't think we're going to let you off the hook here. >> bradford. >> okay, bradford, you had two, i thought, pretty public moves by house republicans. the first came with attempting to -- well, attempting to try and pass plan "b," this million dollar and above exception. they didn't even get it to the floor. then yesterday, you had eric cantor, the majority leader, come out and say, i'm voting against this. throwing everyone into this sort of, whoa, this may not pass it. he votes against it, but don't add any amendments to it. if you are a house republican and you wake up today, what good can you take from what looks like a messaging loss across the board? >> well, you've got to step back and look at the big picture. sometimes we get wrapped around the -- >> what? what are you talking about! >> the long-term of what happened yesterday is democrats came ar
relationships. politico reports on an encounter between speaker boehner and harry reid in the white house lobby. go [ bleep ] yourself, boehner sniped, as he pointed his finger at reid, according to multiple sources present. speaker boehner refused to bring forward a bill funding emergency aid for victims of superstorm sandy. this is how republican peter king responded this morning. >> john boehner has been personally helpful over the years, so it pains me to say this, but the fact is, the dismissive attitude that was shown last night towards new york, new jersey, connecticut, typifies, i believe, a strain in the republican party. we cannot believe that this cruel knife in the back was delivered to our region. >> now, unfortunately, these leaders will still need to work together, and soon. with one deadline down last night, the president has already begun positioning himself for the next fight. >> we'll negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let
of house speaker john boehner and the job that he's doing. you know, senate majority leader, harry reid has got an approval rating just a little bit above that, 34% for his role in the fiscal cliff negotiations. >> let's move on to other polling information. which i agree is prety long-term. locking out to 2016 now, what is the potential impact on all of this say on who could replace the current president of the united states. what are we seeing? >> well you know, that's right. the future is very fascinating. we took a look in a poll that we released today, the cnn/orc poll that looked at republicans and democrats. we asked senators from both parties, who they support. let's take a look at the parties. here's the lineup, for the democrats it's secretary of state hillary clinton. she's far and away ahead of the pack with what, 85% of those who said they would support her. she's got a 20-point lead over the next front-runners, which is vice president joe biden. new york governor andrew cuomo, the son of mario cuomo is in third with 56%. >> a lot of that i would guess is probably just simply b
leader in the senate, mcconnell made offer that ended when majority leader harry reid said he could not present a counter proposal. mcconnell called for help. >> i placed a call to the vice president to see if he could jumpstart the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner it >> reporter: white house officials say vice president biden is now playing a direct role in the talks. two parties remain at odds over the automatic across the board cuts to programs of defense. also divide on taxes. white house wants to raise tax rates on people making more than $250,000 a year. republicans would like to keep the estate tax from going up. >> if we are not able to reach an agreement, it would be dire. >> reporter: if there is no deal today, the average american family will see a tax hike of $3400. tahman bradley, abc7 news. >> -- any chance a deal might include retiring the country's debt? >> reporter: slim to none. republicans and president obama will be fighting about the debt next year. republicans wanting to use the debt ceil
. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when senate gets back network. where are they divided inspecifically divided at what salary taxes should increase but there was progress in terms of tax increases for the wealthiest of americans, also avoiding the inheritance tax increases and democrats say that they are grateful republicans have given up a demand for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of being too suborn on tax increase and just yesterday republicans slammed democrats for failing to give them a counter offer in the negotiations. minority leader mitch mcconnell called the vice president joe biden to get involved and help in the negotiations. lawmakers say they are hopeful they will get a deal today but even if they do the fight won't be over for long. republicans will push for those reforms they gave up this time around early next year during the debt limit debate. back to you. >>> for hi
,000 dollars. senate majority leader harry reid says the goal was to protect america's middle class. >> middle class families will wake up today to the assurances tax won't go up 2200 dollars each. they will have the certainty to plan how they will pay for groceries, car payments and all during next year. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expected to take up the measure at that time. >> law makers have to worry about the debt ceiling they have to keep in mind. today, the u.s. will reach the legal borrowing limit of 16.# trillion dollars. the treasury department is take measures to buy time until the end of february but after that they will not be able to pay off all the country's bills in the full on time. congress must vote to raise the debt
biden, as well as leader harry reid, speaker boehner, nancy pelosi, and mitch mcconnell. everybody worked very hard on this. i appreciated. -- appreicate it. under this law, more than 98% of americans and 97% of small businesses will not to their income taxes go up. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits with the research they do, the investments they make, and the clean energy jobs they create. to million americans are out -- who are out of work but are out there looking pounding the pavement every day, will continue to receive unemployment benefits, as long as they are actively looking for a job. but i think we all recognize this law is just one step in the broader effort to strengthen our economy and brought an opportunity for everybody. the fact is, the deficit, is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker boehner and i try to negotiate a larger agreement. that wou
badly. >> reporter: there was optimism over a deal over the weekend. that ended when harry reid said he could not present a counterproposal. mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the ne fwoesh united nationss on his side. i want everyone to know, i'm willing to get this done. but i need a dance partner. >> reporter: white house officials say vice president biden is now playing a direct role in the negotiations. there's divide on taxes. the white house wants to raise tax rates on people making will go up. >> if we're not able to reach an agreement, it will be dire. >> reporter: if there's though deal today, the average american family will start the year with a $3400 tax hike. paula and john? >> tahman bradley reporting live from washington this morning. happy new year to you. >> same to you. >>> the president called the shooting at newtown was the worst day of his presidency. >>> a bus crash has killed nine people and injured others. the tour bus lost control on interstate 84 yesterday morning. it happens in a treacherous
yesterday, democratic leader harry reid said he hoped to have an announcement in the morning had the senate gets back to work. aides say they're specifically divided on what salary taxes should increase, but they say there was progress in terms of tax increases for the wealthiest of americans. also avoiding the inheritance tax increases. and democrats say that they're grateful that republicans have given up the demand for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of being too stubborn on tax increases. and just yesterday, republicans slammed democrats for failing to give them a counteroffer in the negotiations. minority leader mitch mcconnell even called the vice president, joe biden, to get involved and help in the negotiations. they are hopeful that they will get a deal later today, but even with a deal, the fight isn't going to be over for long. republican will likely push for those reforms that they've given up on this time around in the new year when the debt limit debate kicks off. reporting live in washington, ba
are expected at the white house. senate leaders harry reid and its mcconnell, house leaders john boehner and nancy pelosi. it was a done with vice- president joe biden and president obama to work on a short time fixed for the crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to sit down and have lines of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street i
of the democrats did. >> the little smirks and all that, but the fact is he went in there superseding harry reid who wasn't getting anything done. at least something happened. people wanted to see some sort of action. they wanted to know their congressmen who went home for the break would actually do something. >> here's mitch mcconnell on how this thing went together. he doesn't like the way it happened either but it's still done. >> shouldn't have taken us this long to come to an agreement, and this shouldn't be the model for how we do things around here. i know i can speak for my entire conference when i say we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. each of us could spend the rest of the week discussing what a perfect solution would have looked like. but the end result would have been the largest tax increase in american history. so it took an imperfect solution to prevent our constituents from a very real financial pain. >> as we mentioned at the outset, the final vote in the senate -- remember, it sti
-calling. harry reid called boehner a dictator. i find it strange because they don't call actual dick tears dictators. they never call chavez or castro a dictator but they will call boehner a dictator. are they going to start acting like adults soon. >> the house has done their job. it's ironic to me that harry reid goes after john boehner. the house of representatives did this months ago which is when it should have been done. extended the rates. replaced the across the board cuts with responsible reductions in spending. and, yet, here the senate is pointing the finger at the house of representatives. the speaker is right to say it's up to the senate. and this is where it's going to have to happen. >> all right, senator. thanks at lot. next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. >> greg: continuing with top story tonight. with days to go. both parties want it to go o
talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipartisan deal and the house would co
or so we got all of the action get kicked to the senate and mitch mcconnell and harry reid were trying to come to an agreement that they could bring to the senate floor. and sometime about saturday afternoon, saturday evening, mitch mcconnell started to feel like after trading some offers maybe harry reid was slow walking him a little bit. we got into sunday and the majority leader said i don't -- i don't really have a counteroffer i can make to you at this point. and mcconnell takes to the floor and said the majority leader is not negotiating with me so i called joe biden, and i have this nice little scene. national journal did an exhaustive reconstruction of these last few months. and mitch mcconnell is on the floor, and he is given a card that says hey there's a phone call for you. he picks up a phone in a phone booth, and it's the vice president. and he tries to persuade, joe biden, saying hey, i need a dance partner here would you come off of the sidelines. and he said you know the trip wire here. biden says let me get back to you with an offer. a
. according to harry reid, they are still waiting for cbo, they have to get a prize take price e congressional budget office on the deal put on the table. i am not sure if richardson is in place, but this is the deal that we have been talking about throughout the day at fox business, that would raise taxes on individuals risen $400,000 or more. married couples $450,000 or more, as we learn later this evening this is the same deal that will have a buy down. keep the sequestration, the spending cuts that take place at 12:01, put on hold for two months, but that won't happen until you have to have the senate passed it an in the house passed it. we have seen no movement in the house because the house has not been given any details or any paper as they would say as to deal the senate is looking at right now. you're seeing a live picture outside one of the meeting rooms, this is the ohio clock, this is where usually get statements from harry reid and different members of the senate, but we did receive a message from charles schumer a vote taking place but midnight on the deal of earning the big tax
at a time when harry reid went home and went to bed and left it to the vice president. boehner was straight, honest with us ind lowed the regular process to occur. >> white house last friday. fox news confirmed boehner told reid to go "f" himself twice. after reid accused boehner of running the house like a dictatorship and being more concerned about saving his own job than cutting a deal. republican sources say it's likely it will only boost boehner's stock with conservatives. bret? >> you cleaned that up a little bit, mike. what about the signing of the bill and the process here? >> we are told the bill arrived at 4:30 this afternoon. we understand president obama will electronically sign the bill. the first president to use the autotoe pen. the third time he is doing it. cleared by the council's office. >> bret: mike, thank you. if you want a breakdown of what is in the fiscal bill check out wendell goler's piece on the republicans hoping to pick up a legislative win after the fiscal cliff deal has been eyeing the debt ceiling as the next potential arena for sp
harry reid says he will push a white house fallback bill that. would raise taxes only on families making over $250,000 a year. it would also extend unemployment benefits for two million americans. that could face an up or down vote in monday's session. >> we'll come in at 11:00 a.m. tomorrow morning and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet because if we go off the fiscal cliff, it will be the largest tax increase since world war ii, not to mention the fact that if there is no deal, the markets may react any avery negative way. at the white house, ed henry, fox news. >>> till ahead on fox 5 morning news, when it comes to flying, there aren't but something passengers haven't had access to could soon be coming to a flight near you. >> first, secretary of state hillary clinton hospitalized after another health scare. we'll have an update on her condition this morning when we return.  >>> bad weather is oregon is being blamed for a deadly tour bus crash. nine people were kil
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
tomorrow afternoon. host: both majority leader harry reid and mitch mcconnell both expressed optimism after the meeting with the president. what is the basis of their optimism? is this a sign we might be one step, two steps, through step closer to a deal? caller: it does appear we are a step closer to a deal. they are talking about doing is extraordinarily popular stuff. except for the big marquee item, which is letting taxes rise on the wealthy. the rest of the stuff they are looking at doing the stuff they do all the time. it is extending an expiring tax policies. they know the benefit businesses. extent college tuition credits. there are looking at protecting people from the alternative minimum tax. it is all very urgent stuff that needs to be done. there are only two remotely controversial pieces of this, that is what to do with the estate tax and to how to define the wealthy people whose taxes are going to go up. the rest of it is, basically protecting people from tax hikes. i guess extending unemployment benefits and sometimes controversial for the republicans. it appears to have agre
, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it wouldn't pass. republicans -- a myriad of republicans think it's the fair thing to do and of course every democrat would vote for that. the republican leader finds himself frustrated that the president has called on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the senate the relief that wo
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